Iowa: Weathered the Recession, Now Battling the Drought
The financial crisis that ripped through most of the country during the past four years had left the state of Iowa virtually unscathed.
Earlier this summer, unemployment was relatively low, home prices were stable and farm incomes were on the rise.
“Fortunately in our area right now, the crops can be still saved if we get some rain soon, but the yields will be down considerably from our record last year,” he said. “Only time will tell these next 60 days how everything turns out.”
To offer the state some relief, in early August, Agriculture Secretary Tom Vilsack announced two new pieces of disaster assistance for farmers and ranchers impacted by the nation's worsening drought, which included Iowa.